Updated q data.

US CAPE and q chart.  Downloads are available here. S&P 500q ValueCAPE Value30th June 20234345.3781.09%84.60%30th September 20234,328.1874.99%83.87%31st December 20234769.8392.85%91.87% The q data are updated to 30th September 2023 and for CAPE to 30th June 2023....

Improving Economic Policy

World Economics • Vol. 24 • No. 2 • April–June 2023 Key Points The consensus model (CM) holds that there is only one equilibrium that needs to be maintained for economic stability. This follows, as a matter of logical necessity, from the model’s fundamental...